Can confirm this. System installed on external USB-SSD? Btrfs systemd encrypted.
Problem appeared after pacman -Syu few days ago.
dracut initqueue still waiting for following initqueue hooks timeout. /dev/mapper etc does not exist and get thrown in emergency shell
I tried reinstall with and with no encryption Btrfs and ext4.
Problem persists (after pacman -Syu). If I don’t update with pacman -Syu (ie state system after calamares initial install ) system works.
LuksOpen and Chrooting works.